Daimler says saw good growth in February for Mercedes in China
FRANKFURT (Reuters) – Daimler Chief Executive Dieter Zetsche continues to see growth potential in Asia and Europe, adding Mercedes-Benz passenger cars achieved good growth in China in February.
Iran must privatize car industry, president says
DUBAI (Reuters) – Iran’s car industry must be privatized to meet the government’s goal of turning it into a global competitor, the president said on Tuesday, sending a strong signal of his intention to open up the country’s economy to world markets.
Toshiba mulls battery plant in Australia as Japan seeks sub deal: sources
TOKYO (Reuters) – Japan has enlisted electronics firm Toshiba Corp to help it try to win Asia’s biggest defense contract, a A$50 billion ($36 billion) deal to build a dozen submarines for Australia, three sources said.
At last, U.S. shale firms see output falling, but is it enough?
(Reuters) – In a ray of hope for oil bulls, leading U.S. shale producers are at last predicting output declines this year – a long-anticipated turning point for a market reeling from an epic supply surplus.
Airbus says expects China to need 5,400 new planes over next 20 years
BEIJING (Reuters) – China’s aviation market, the world’s second largest, will need 5,400 airplanes over the next 20 years, Airbus said in a document provided to media on Tuesday.
Valeant shares slide on news of probe by U.S. SEC
(Reuters) – Shares in Valeant Pharmaceuticals International Inc fell as much as 21 percent on Monday after the drugmaker revealed that it was under investigation by the U.S. Securities and Exchange Commission.
Chinese pitch big M&A break-up fees, small stakes to allay U.S. regulatory fears
HONG KONG (Reuters) – Chinese companies are offering to pay record break-up fees and are willing to settle for minority stakes in U.S. mergers and acquisitions in an attempt to assuage concerns of potential overseas partners about regulatory snags scut…
China Feb factory activity shrinks more than expected, layoffs on the rise
SHANGHAI (Reuters) – Activity in China’s manufacturing sector shrank more sharply than expected in February, surveys showed on Tuesday, prompting smaller companies to shed workers at the fastest pace in seven years and suggesting Beijing will have to r…
Argentina, lead creditors settle 14-year debt battle for $4.65 billion
NEW YORK/BUENOS AIRES (Reuters) – Argentina has agreed to a $4.65 billion cash payment to its main holdout creditors and will present the deal to Congress this week for a vote which would end 14 years of bitter legal battles and pave the way for its re…
N.Y. judge backs Apple in encryption fight with government
(Reuters) – The U.S. government cannot force Apple Inc to unlock an iPhone in a New York drug case, a federal judge in Brooklyn said on Monday, a ruling that bolsters the company’s arguments in its landmark legal showdown with the Justice Department ov…
